Agnico-Eagle Mines (AEM): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Agnico-Eagle Mines ( AEM) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Agnico-Eagle Mines fell 62 cents (-1.6%) to $38.57 on average volume. Throughout the day, 1.7 million shares of Agnico-Eagle Mines exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $38.55-$39.84 after having opened the day at $39.59 as compared to the previous trading day's close of $39.19. Other companies within the Metals & Mining industry that declined today were: Oxford Resource Partners ( OXF), down 8.7%, Great Panther Silver ( GPL), down 7.7%, Kimber Resources ( KBX), down 7.2%, and Richmont Mines ( RIC), down 6.9%.
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Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico-Eagle Mines has a market cap of $6.89 billion and is part of the basic materials sector. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7. Shares are down 25.3% year to date as of the close of trading on Monday. Currently there are five analysts that rate Agnico-Eagle Mines a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates Agnico-Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the positive front, Jaguar Mining ( JAG), up 17.6%, Crosshair Energy ( CXZ), up 9%, Keegan Resources ( KGN), up 7.7%, and Avino Silver & Gold Mines ( ASM), up 7%, were all gainers within the metals & mining industry with Randgold Resources ( GOLD) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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